Ferrous Sulfate Market was valued at US$ 844.5 Mn in 2018, and is expected to reach US$ 1,099.8 Mn by 2027
Ferrous sulfate, also called as iron (II) sulfate, is a salt with the formula FeSO4·xH2O. Ferrous sulfate exists in hydrous and anhydrous form. Hydrous and anhydrous ferrous sulfate mainly exist in the form of heptahydrate. Ferrous sulfate is commonly found as a hydrated salt. The hydrous forms of ferrous sulfate are monohydrate, tetrahydrate, pentahydrate, and heptahydrate. The most commonly used hydrous ferrous sulfate is monohydrate and heptahydrate.
The global ferrous sulfate market was valued at US$ 844.5 Mn in 2018, and is expected to reach US$ 1,099.8 Mn by 2027, exhibiting a CAGR of 3.0% over the forecast period.
Market Dynamics
Among product type, the anhydrous segment accounted for the largest revenue share in the global ferrous sulfate market in 2018. Anhydrous ferrous sulfate has many applications such as soil acidifying agent, turf culture as a moss killing agent and source of iron supplement in animals. Anhydrous ferrous sulfate is produced by reacting elemental iron with sulfuric acid to produce ferrous sulfate and hydrogen gas. Growing demand of anhydrous ferrous sulfate in many application, it is expected to drive the market growth of ferrous sulfate.
Detailed Segmentation:
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Global Ferrous Sulfate Market, By Product Type:
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Hydrous
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Anhydrous
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Global Ferrous Sulfate Market, By Application:
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Pigments
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Water Treatment
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Cement
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Agricultural
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Major Keyplayers: Crown Technology, Inc., Venator Materials PLC, Verdesian Life Sciences, LLC, Rech Chemical Co. Ltd., Coogee Chemicals Pty Ltd., Chemland Group, Hong Yield Chemical Industrial Co., Ltd., Changsha Haolin Chemicals Co., Ltd., and PJSC Sumykhimprom
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